B.C. seeks forfeiture of money, gold bars linked to failed cryptocurrency company QuadrigaCX

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B.C. government seeks forfeiture of money, gold, watches linked to cryptocurrency company QuadrigaCX that defrauded clients of $169 million.

But, in the civil forfeiture case filed in B.C. court earlier this month, the province alleged an RCMP investigation determined that Patryn and Cotten took possession of customer assets held by QuadrigaCX for their own personal use and financial gain, including, in the case of Patryn, to purchase, acquire, and maintain the safety deposit box and its contents.

The safety deposit box contained $250,200 in cash and 45 gold bars, including three gold bars weighing one kilogram each. Also contained in the safety deposit box were four watches, including two Rolex watches, jewellery, and a Ruger 1911 .45 calibre pistol and two magazines loaded with ammunition. The box also contained a birth certificate, name change certificate, credit cards and cheques in Patryn’s name.

Patryn has not responded in B.C. Supreme Court to the civil forfeiture suit and the allegations have not been tested in court.Article content

 

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